Filing Flows › Upstart Holdings (UPST) › Operating margin
Upstart Holdings (UPST) operating margin by quarter
Upstart Holdings' operating margin was 9.7% in Q3 2026 (third quarter 2026), +5.7 pts from Q2 2026. Over the last 5 quarters it ranged from 1.8% (Q2 2025) to 9.7% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 9.7% | +5.7 pts | +1.2 pts |
| Q2 2026 | 4.0% | -2.4 pts | +2.2 pts |
| Q4 2025 | 6.4% | -2.2 pts | — |
| Q3 2025 | 8.5% | +6.8 pts | — |
| Q2 2025 | 1.8% | — | — |
Q3 2026 at a glance
Upstart Holdings, Q3 2026: revenue $371M (+34% year over year), operating margin 9.7%, net earnings $36.6M, operating cash flow −$19.8M. The chart follows the revenue to costs, profit and cash.
Questions
What is Upstart Holdings' operating margin?
Upstart Holdings' operating margin was 9.7% in Q3 2026 (third quarter 2026), +5.7 pts from Q2 2026.
How has Upstart Holdings' operating margin changed?
Over the last 5 quarters it ranged from 1.8% (Q2 2025) to 9.7% (Q3 2026).